What's In A Stadium Name?
Go through a list of vintage stadiums and you’ll find iconic names like Sportsman’s Park (St Louis), Shibe Park (Philly), Ebbets Field (Brooklyn), West Side Park (Chicago), etc.
With the exception of a few structures, the old venues designated after team owners and city neighborhoods are long gone, buried in the rich heap of ball park history.
Another step in the mass commercialization of professional sports, stadiums today are more apt to lease their names to private corporations. More than three-quarters of the existing franchises in MLB, NBA and NFL play in facilities associated with a well-known business brand.
Naming deals are typically 10 to 20-year term contracts with fixed annual payments. Advertisers can leverage their labels on an actual site such as CenturyLink Field in Seattle, or an event like the Emirates FA Cup in Britain.
For stadiums and events, selling naming rights can be a welcoming source of ancillary income. For advertisers, it’s a long-term marketing strategy aimed at maintaining and reinforcing a recognized brand.
In sports, commercial naming practices can be traced back to Fenway Park, which opened in 1912 in the Fenway section of Boston. Red Sox owner John Taylor also had an eye on promoting his real estate company, Fenway Realty, to the early throngs of baseball goers.
But it was Wrigley Field in Chicago (photo above) that started gracing stadiums with a corporate appellation. In 1926, chewing gum magnate William Wrigley acquired the Chicago Cubs baseball team and subsequently re-branded Cubs Park as Wrigley Field.
Foxboro Stadium, playground site of the old Boston Patriots, was an early example of a team that sold its naming rights to an entity not affiliated with the franchise. The sports facility opened in 1971 as Schaefer Stadium and was later renamed Sullivan Stadium before being demolished.
Reactions to the corporate branding of sports facilities have generally been supportive, especially if the buyer enjoys strong connections to the local community. Examples are the old Rich Stadium in Buffalo, Heinz Field in Pittsburgh and Coors Field in Denver.
In some instances, a private designation was deemed unacceptable. In 1953, August Busch, owner of the Anheuser-Busch beer company and the St Louis Cardinals, was pushed back by the commissioner of baseball when he proposed to rename Sportsman’s Park, Budweiser Stadium. The parties eventually settled on Busch Stadium.
Worldwide sporting events such as the FIFA World Cup, UEFA Euro, Olympic Games and the Paralympic Games prohibit the use of corporate-sponsored names, seeing it as a form of “ambush marketing”.
Naming transactions have only gotten more lucrative with time. Buffalo-based Rich Products paid $1.5 million per year when the gates opened at the Bills’ football stadium in 1972. Thirty-five years later, NYC's Citifield inked a brand exposure deal worth $20 million per annum, a record high that later followed with the Barclays Center.
With the globalization of sports, corporate logo rights continue to point upwards towards ever growing windfall profits. The future home of the Los Angeles Rams and the renovated stadium for Spain's Barcelona FC are both bidding out naming rights for $30 million a year.
Fortunately, some storied venues have retained their historic designations- Yankee Stadium, Dodger Stadium, Fenway Park.
But as the top three wealthiest clubs in professional baseball, those teams can afford to carry the tradition.
SPECIAL OLYMPICS August 11, 2009 Eunice Shriver, sister of former President John F. Kennedy and founder of the Special Olympics, dies the age of 88. Shriver was awarded the Presidential Medal of Freedom in 1984 for founding a sports organization dedicated to persons with physical and intellectual disabilities. The Special Olympics today serves 5 million athletes around the world.
SOCCER August 3, 1999 French striker Thierry Henry joins Arsenal FC after a brief stint with Juventus. Henry became Arsenal’s all-time leading scorer with 218 goals and two FA Cups. He was a member of France’s 1998 World Cup winning team and the 2006 runner-up squad that lost to Italy in a penalty shoot-out. One of the greatest attackers in the game, Henry also played for Barcelona and NY Red Bulls.
MOTOR RACING August 3, 1989 Formula One racer, Jules Bianchi, is born in Nice, France. Making his debut in 2013 as a driver for Marussia, he finished 15th in his opening race at the Australian Grand Prix. Only a year later, the young driver would crash at the Japanese Grand Prix and remain comatose until his death in July, 2015. His F1 fatality was the first since Ayrton Senna perished 21 years earlier.
GOLF August 3, 1979 Sam Snead becomes the oldest player at 67 to make the cut at the PGA Championship. The three-time champion who had won in 1942, 1949 and 1951 finished 42nd with a score of 288 (+8). Australian David Graham claimed the event, firing 272 (-8). Snead continued playing until 1987 when he retired with 82 PGA Tour victories, including seven majors: 3 Masters, 3 PGA’s and 1 Open.